Donoghue Forlines Llc
- Regulatory AUM
- $371M
- Discretionary
- $371M
- Clients
- 13
- Avg AUM / client
- $28.5M
- Accounts
- 20
- Employees
- 7
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 27, 2026
Investments (13F portfolio — 118 positions, $361,382,498)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Spdr Series Trust | STATE STREET SPD | $43,030,754 | 1,474,666 | 11.9% | 11.6% |
| 2 | Spdr Series Trust | STATE STREET SPD | $31,474,216 | 343,455 | 8.71% | 8.49% |
| 3 | Bondbloxx Etf Trust | BLOOMBERG FVE YR | $26,672,889 | 542,573 | 7.38% | 7.2% |
| 4 | Ishares Tr | 1 3 YR TREAS BD | $6,975,266 | 84,477 | 1.93% | 1.88% |
| 5 | Vanguard Scottsdale Fds | SHORT TERM TREAS | $6,966,260 | 119,000 | 1.93% | 1.88% |
| 6 | Bristol Myers Squibb Co | COM | $5,058,392 | 83,403 | 1.4% | 1.37% |
| 7 | Northern Lights Fd Tr | DF TACTICAL 30 E | $4,823,854 | 197,040 | 1.33% | 1.3% |
| 8 | Bondbloxx Etf Trust | BLOOMBERG THREE | $4,621,709 | 93,349 | 1.28% | 1.25% |
| 9 | Edison Intl | COM | $4,317,181 | 58,994 | 1.19% | 1.17% |
| 10 | Principal Financial Group In | COM | $4,311,133 | 47,843 | 1.19% | 1.16% |
| 11 | Target Corp | COM | $4,305,994 | 35,528 | 1.19% | 1.16% |
| 12 | Keycorp | COM | $4,305,938 | 214,760 | 1.19% | 1.16% |
| 13 | M & T Bk Corp | COM | $4,291,921 | 20,762 | 1.19% | 1.16% |
| 14 | Verizon Communications Inc | COM | $4,180,807 | 83,283 | 1.16% | 1.13% |
| 15 | Exxon Mobil Corp | COM | $4,116,970 | 24,266 | 1.14% | 1.11% |
| 16 | Comcast Corp New | CL A | $3,962,870 | 138,031 | 1.1% | 1.07% |
| 17 | Johnson & Johnson | COM | $3,670,022 | 15,014 | 1.02% | 0.99% |
| 18 | Merck & Co Inc | COM | $3,566,478 | 29,649 | 0.99% | 0.96% |
| 19 | Lam Research Corp | COM NEW | $3,356,385 | 15,709 | 0.93% | 0.91% |
| 20 | Applied Matls Inc | COM | $3,351,251 | 9,805 | 0.93% | 0.9% |
| 21 | Analog Devices Inc | COM | $3,346,515 | 10,519 | 0.93% | 0.9% |
| 22 | Gilead Sciences Inc | COM | $3,223,071 | 23,126 | 0.89% | 0.87% |
| 23 | Lockheed Martin Corp | COM | $3,119,257 | 5,161 | 0.86% | 0.84% |
| 24 | Ciena Corp | COM NEW | $2,917,548 | 7,515 | 0.81% | 0.79% |
| 25 | Micron Technology Inc | COM | $2,882,789 | 8,533 | 0.8% | 0.78% |
Top 25 of 118 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 5 | $1000K | 0.27% |
| Investment companies | 8 | $367M | 99.2% |
| Pension and profit sharing plans | Fewer than 5 clients | $1.5M | 0.41% |
| Corporations and other businesses | Fewer than 5 clients | $537K | 0.14% |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Minella, David, Anthony | Member | Oct 2006 (20y) | ≈ 28.13% – 75% via Minella Capital Management, Llc | |
| Jeffrey Robert Thompson | Chief Executive Officer, Director | Sep 2016 (10y) | ≈ 6.25% – 25% via Df Management Llc | |
| Molari, Richard, Edward | Chief Operating Officer, Treasurer, And Director | Sep 2016 (10y) | Less than 5% | |
| Forlines, John, Arthur | Chief Investment Officer, Director | Dec 2017 (9y) | Less than 5% | |
| Earp, Jack, Alexander | Chief Compliance Officer | Oct 2019 (7y) | Less than 5% | |
| Dowler, William, Bradley | Member | May 2022 (4y) | ≈ 6.25% – 25% via Df Management Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Wedco Acquisition Co., Llc | Member | Sep 2016 | A | 50% – 75% |
| Df Management Llc | Member | Sep 2016 | A | 25% – 50% |
| Minella Capital Management, Llc | Member | Oct 2016 | B | ≈ 37.5% – 75% via Wedco Acquisition Co., Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Minella, David, Anthony: 75% – 100% of Minella Capital Management, Llc × 75% – 100% of Wedco Acquisition Co., Llc × 50% – 75% direct ≈ 28.13% – 75% of the firm
- Jeffrey Robert Thompson: 25% – 50% of Df Management Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Dowler, William, Bradley: 25% – 50% of Df Management Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Minella Capital Management, Llc: 75% – 100% of Wedco Acquisition Co., Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.05 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Other fees
- • A PERCENTAGE OF ASSETS UNDER ADVISEMENT
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
- • Market timing services
- • Other services
Custody
Reported custodians
- National Financial Services (Fidelity) $1.9M (1% of AUM) Mar 2026
- Charles Schwab & Co. $1.2M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗